Spotlight

Indian markets are expected to trade on a cautious note as investor sentiment remains restrained amid escalating geopolitical tensions. The United States has launched a sixth wave of airstrikes on Iran, intensifying the conflict and keeping global markets on edge.
 
Crude oil prices remain elevated, although relatively stable, with crude currently trading in the $78–79 per barrel range, as persistent tensions in the Middle East continue to fuel concerns over potential supply disruptions through the Strait of Hormuz.
 
Foreign Institutional Investors (FIIs) have recently returned as consecutive net sellers, which could weigh on market sentiment. However, continued buying by Domestic Institutional Investors (DIIs) is providing an important cushion, helping absorb selling pressure and limiting downside.
 
Meanwhile, Asian markets are trading lower following a sharp selloff in global semiconductor stocks, adding to the cautious risk sentiment across regional equities. Overall, persistent geopolitical uncertainty, elevated crude oil prices, renewed FII selling, and weak Asian cues are likely to keep Indian markets volatile despite continued domestic institutional support.

Technical view 

Nifty 50 

Nifty 50 continues to trade with a cautious bias, as the index continues to face selling pressure near higher levels despite consistent buying interest emerging around key support zones. From a technical standpoint, 24,200 remains the immediate resistance. A sustained breakout above this level would strengthen bullish momentum and could pave the way for an advance towards the 24,300–24,400 region.
 
On the downside, the 24,000 psychological mark continues to serve as the immediate and crucial support. Holding above this level will be essential to preserve the broader recovery structure, while a decisive break below 24,000 could trigger renewed selling pressure and expose the index to the 23,900–23,800 support zone. Overall, the near-term technical outlook remains cautiously positive. A sustained move above the 24,200 resistance level will be required to confirm stronger bullish momentum and support a meaningful continuation of the ongoing recovery.

Bank Nifty 

Bank Nifty continues to trade with a mildly weak undertone, reflecting persistent selling pressure at higher levels. From a technical standpoint, the 58,000–58,200 zone remains a crucial resistance band. A sustained breakout above this range would improve market sentiment and could pave the way for a recovery towards the 58,400–58,600 region.
 
On the downside, 57,400 remains the immediate support. A decisive break below this level could expose the index to further weakness towards the 57,300–57,200 support zone. Failure to hold this range may intensify selling pressure, potentially dragging the index towards the 57,000 psychological mark. Overall, the near-term technical outlook remains cautious, with a sustained move above the 58,200 resistance required to improve the technical setup, while a breach below 57,400 could trigger another leg of downside.